Chainlink (LINK): Neckline Zone Is Being Tested / H&S PatternChainlink caught our attention with one choppy head and shoulder pattern where the right shoulder has deformed and is now back at the neckline zone, looking for a final confirmation of local breakdown.
Odds are pretty good so now we keep an eye on that neckline zone to be broken!!
Swallow Team
LINKUSDT.P trade ideas
LINK - EWT Ending Diagonal WaveBIST:LINK
Elliott's Wave - Ending Diagonal Wave w/Converging Lines
Price Action is currently printing a textbook Ending Diagonal Wave within a corrective 5th wave w/decreasing volume from $19
All while overextended into heavy support and nearing rising support with Bullish Divergences on RSI and OBV
What will you do with this information...?
CHAINLINK TOO DECISIVE - PICK YOUR POSISON - WAIT OR JOIN?
BINANCE:LINKUSDT chart is so clean and self explanatory. We are either in some kind of larger degree wave 2-yellow or wave 5-orange as depicted on the side. If you're bearish you invalidation level is just the previous swing high. Bullish? you invalidation level is the previous swing low. The question is which side will be taken first? are you going to wait or join?
OTHER ANALYSIS
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Lingrid | LINKUSDT approaching BUYING areaBINANCE:LINKUSDT price plummeted in tandem with the BTC price action, before pulling back towards its support level following a bullish extension. As we can see, the price is approaching the buying area between $13.00 and $15.00, where it's currently trading sideways. I think it's likely that the price will retest the local lows, potentially forming a double bottom pattern, which would be a bullish sign. There appears to be accumulation taking place in the $13.00-$15.00 price zone. I expect the price to react to the lower border of the channel by bouncing off and initiating an upward move.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Link - bounce from previous range 618 level (14.6)Link on 4h chart has made a support / resistance flip - a lower range to a higher range. Now that support is being tested as price is falling with the market conditions.
I see heavy confluence around the key level of 14.6 with a golden pocket 618 + a 6.1M bullish breaker + range value area high. Anything can happen.
I suspect we find support soon.
I strongly believe Link is the one token to rule them all in all of the crypto narrative when it comes to usecase.
Not ever Financial Advice.
paper trading only.
Chainlink (LINK): About To Break 200 EMA Chainlink has made a really nice movement after rejecting that upper resistance zone. At the moment, price is testing the 200 EMA line, which we see to be broken anytime now.
Once we see the breakdown from there, a movement to our target zone should start!
Swallow Team
LINKUSDTHi guys
It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued.
The support area of $17.24 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.24; The downside scenario is more likely.
What do you think?
LINK Potential IH&S, High Confluence, $26 Target 1, $32 Target 2🎯 TL;DR Potential IH&S + W3 Target: $26; W3 Target 2: $32; High Confluence
📈 With the recent dip to $15.3, BITGET:LINKUSDT might be forming an Inverted Head & Shoulders (IH&S) pattern with a $26 target.
The 50VWMA is acting as support in this area, and TD Sequential printed a Perfect Buy Setup (red M9) yesterday, offering additional confluence.
This retracement is also 61.8% of the previous leg up, setting a potential Wave 3 Target 1 also at $26, and a potential Wave 3 Target 2 at $32.
✅ Confirmation would be a daily close above the neckline at $19.3.
For a safer entry, wait for a daily close above $20, which is a previous resistance, a High Volume Node (HVN) and a key psychological level.
Keep an eye on $22.9 as it previously triggered a rejection.
❌ Invalidation would be a daily close below $15.3, and it would likely lead back to trading in a rectangle between $12.8 and $19.2.
If you have any questions about the TA, feel free to ask. I am always more than happy to share and discuss charts.
Not Financial Advice
#LINKUSDTThe LINK/USDT pair is currently exhibiting strong bullish characteristics supported by technical indicators, market sentiment, and fundamental strengths. While the outlook remains positive, investors should remain vigilant about market volatility and potential risks. Continuous monitoring of price trends, trading volumes, and broader market conditions is essential for navigating the LINK/USDT bull market effectively !Please set up the risk management to secure your account
Lingrid | LINKUSDT breakout of the CHHANEL and Bullish MOMENTUMFollowing a strong bullish impulse, BINANCE:LINKUSDT has rolled back towards the support level, which is a key area of interest. As we can see, the price is currently consolidating within a range zone, oscillating between the upper and lower boundaries. I believe the price may retest the local high and potentially break out of the channel, which would be a bullish signal. Notably, there is accumulation activity taking place in the 17.00-17.50 price zone, indicating that investors are building positions in this area. Given the bullish trend on the daily timeframe, I expect the price to continue its upward momentum from the support level and break out of the downward channel, providing further confirmation of the trend's strength. My goal is resistance zone 18.400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
LINKUSDT.PHello Trader BINANCE:LINKUSDT.P
I personally have drawn from the lower low to the higher high area in the 4 hour time frame, and the area has rejected the specified price, so I am sure there is price weakening here. I placed a short sell for these pairs
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Disclamer: Not Financial Advice
Possible Rebound at Converging Support to Continue Bullish TrendThe technical analysis of LINKUSDT shows a clear pattern suggesting a possible rebound on the horizon. Over the past three hours, the asset has been trading within an ascending channel, marking higher highs and higher lows. Currently, the price is at the lower end of this channel, coinciding with a crucial support level.
It's notable that this support level has an interesting history. In previous days, it acted as a significant resistance. However, once this resistance was overcome, it is now expected to function as a solid support. The convergence of this support with the lower line of the bullish channel increases its importance and suggests a strong demand zone at this price level.
Given this technical setup, we are likely to see a rebound from this point and a continuation of the prevailing bullish trend. Investors may look for buying opportunities at this level, with price targets set in line with the current uptrend.
It's important to note that technical analysis is a useful tool, but it's not infallible.